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Robinhood to Acquire Credit Card Firm X1 for $95M

Robinhood has commence the process to acquire X1 Inc., a fintech company that offers smart credit cards, for $95 million in cash. The acquisition, which is expected to close in the third quarter, would enable the financial services firm to offer its customers access to credit.Besides that, Robinhood said it would be bringing the X1 team on board. X1's Co-Founders Deepak Rao and Siddharth Batra will oversee the new business, the company noted in a statement shared with Finance Magnates today (Thu... Read More

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Robinhood

Acquire

Credit

Card

Firm

95m

Forex

Posted: Jun 22 2023, 17:11

Author Name: financemagnates

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